Fred Harrison has a theory called the "18 year land cycle", and claims to have correctly predicted the housing crash in 2008 and one in the 1990s:
https://www.dailymail.co.uk/yourmoney/property/article-12446057/Why-house-prices-set-soar-two-years-CRASH-claims-expert-accurately-predicted-property-market-collapse-2008-1990s.html
He's currently predicting we'll see a major real estate crash in 2026.
This market resolves YES if three conditions are held:
Real estate prices peak in 2026
Real estate prices at the end of 2026 are below the peak
Real estate prices by the end of 2027 have declined by at least 15% relative to the 2026 peak
The index we will use to define "real estate prices" is case-shiller:
https://fred.stlouisfed.org/series/CSUSHPINSA
People are also trading
A full-on crash in 2026 feels unlikely unless something major breaks in the economy. Prices might cool off a bit once more people finally decide to sell and mortgage rates settle down. Right now inventory is still super tight, which keeps things from falling too fast. If anything, it looks more like a slow deflate than a cliff-dive. But hey, it’s real estate, people have been calling for a crash every year since 2012, so anything’s possible.
